External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Cross Asset Strategy

<ul><li>Q2FY24 results were ahead of our estimates. The company’s revenue grew by 6.1% YoY (Domestic sales grew by 6.6%), while volume stood flat.</li><li>Toothpaste segment grew in high single-digit, while toothbrush and exports dragged volumes down. The company doubled down on Colgate Strong Teeth re-launch by expanding its reach/availability.</li><li>Colgate Max Fresh was also re-launched, which saw strong growth in Q2. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Q2FY24 results were ahead of our estimates. The company’s revenue grew by 6.1% YoY (Domestic sales grew by 6.6%), while volume stood flat.Toothpaste segment grew in high single-digit, while toothbrush and exports dragged volumes down. The company doubled down on Colgate Strong Teeth re-launch by expanding its reach/availability.Colgate Max Fresh was also re-launched, which saw strong growth in Q2. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Colgate Palmolive (India) Ltd - Pricing Drove the Growth; Maintain HOLD